Industry News

United Security Bancshares disclosed on Thursday that the company will pay a third quarter 2016 stock dividend of 1%, as authorised by the board of directors. This 32nd consecutive quarterly stock dividend will be paid to shareholders of record on 10 October 2016 and the dividend shares will be issued on 21 October 2016.. Also, the company said that this stock dividend was initiated in 2008 and that capital preservation is..."/>
United Security Bancshares announces 1% stock dividend for Q3 2016
China Everbright Limited along with CEL- Catalyst China Israel Fund, Cukierman& Co. Investment House Limited and YAFO Capital is pleased to announce the successful conclusion of the 16th "GoforIsrael- China- Israel Investment Summit Forum" held in Shanghai on 20 September 2016. This was the first time the conference was held outside of Israel with strong support from the Israeli and the Chinese government. The conference had more than 1,500 participants..."/>
Successful conclusion of the 16th "GoforIsrael - China - Israel Investment Summit Forum" in Shanghai Jointly Held by China Everbright Limited & Its Israeli Partners
SOFF: Solstad Offshore ASA's banks approve the Financing Plan
Fiera Capital Broaden offering with emerging and frontier market strategies Deliver adjusted earnings per share accretion. MONTREAL and LONDON, United Kingdom, Sept. 30, 2016/ CNW Telbec/- Fiera Capital Corporation, a leading independent asset management firm, announced today that an agreement has been reached on the terms of a recommended cash transaction comprising an offer by Fiera Capital to acquire the entire share capital of..."/>
Fiera Capital makes an offer to acquire London-based Charlemagne Capital Limited
FXCM Inc., a leading online provider of foreign exchange trading and related services, today announced that it has agreed to sell DailyFX, its news and research website to IG Group, a global leader in online trading, for a price of $40 million. Subject to IG final approval and customary closing conditions, the transaction is expected to close by the end of October.. Upon completion, IG will receive the entire DailyFX business including all international and..."/>
FXCM Signs Agreement to Sell News and Research Website DailyFX for $40 Million
FXCM Inc./ FXCM Signs Agreement to Sell News and Research Website DailyFX for $40 Million. Processed and transmitted by Nasdaq Corporate Solutions. The issuer is solely responsible for the content of this announcement."/>
FXCM Signs Agreement to Sell News and Research Website DailyFX for $40 Million
Fiera Capital Broaden offering with emerging and frontier market strategies Deliver adjusted earnings per share accretion. MONTREAL and LONDON, United Kingdom, Sept. 30, 2016/ PRNewswire/- Fiera Capital Corporation, a leading independent asset management firm, announced today that an agreement has been reached on the terms of a recommended cash transaction comprising an offer by Fiera Capital to acquire the entire share capital of..."/>
Fiera Capital makes an offer to acquire London-based Charlemagne Capital Limited
Boston Herald The Ticker column [Boston Herald]
Religare Enterprises Ltd, plans to raise Rs650 crore through a sale of stock to existing shareholders to boost its capital adequacy ratio, two people close to the development said. The so-called rights issue comes against the backdrop of the company writing off its large exposure to ABG Shipyard Ltd. The exposure is estimated at Rs180 crore. Religare Finvest has a capital adequacy ratio of below 10%."/>
Religare Finvest plans to raise Rs650 crore through rights issue [Mint, New Delhi]
Ujjivan Financial Services Ltd, which plans to start small finance bank operations by the first quarter of the next calendar year, on Wednesday said it would reduce borrowing costs by 0.75% with effect from 1 October. This is the second interest reduction by the company in past one year. Ujjivan's interest rate stands at 22%."/>
Ujjivan Financial Services to reduce borrowing costs by 0.75% from 1 October [Mint, New Delhi]
United Breweries Ltd chairman Vijay Mallya, at the centre of a money laundering probe, told shareholders on Thursday he was confident that charges against him will be dropped, hours after the company posted an over-13-fold rise in net profit. Net profit at United Breweries, India's largest brewer, rose to Rs.29.47 crore in the June quarter from Rs.2.16 crore in the same period a year ago, a BSE filing showed. The embattled business tycoon told the annual general..."/>
Vijay Mallya confident of judicial relief in pending cases [Mint, New Delhi]
Has Opec kicked the can down the road again? [Mint, New Delhi]
Costco Wholesale, which Thursday reported fourth-quarter and fiscal year earnings that beat Wall Street forecasts, said its recent switch from longtime partner American Express to Citigroup and Visa is exceeding the company's expectations despite a rocky start. The switch, which took place June 20, meant the warehouse giant went from accepting only American Express credit cards to accepting only Visa credit cards in all its U.S. locations. Citi became the exclusive..."/>
Costco narrowly tops profit estimates [The Seattle Times]
Talen Energy by the end of this year, believes it can cut $100 million a year in expenses from the Allentown power generation company. The information is included in a summary of a presentation the company made to lenders Thursday that it filed with the Securities and Exchange Commission in advance of a scheduled Oct. 6 vote by shareholders on the deal. Riverstone's "operational strategy"..."/>
Riverstone reveals plans to cut $100M in costs at Talen Energy [The Morning Call (Allentown, Pa.)]

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